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Square/CashApp lays off 40% of workforce due to AI "intelligence tools"
Poast new message in this thread
Date: February 26th, 2026 4:58 PM Author: Concupiscible smoky garrison https://x.com/jack/status/2027129697092731343 (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697623) |
Date: February 26th, 2026 5:03 PM Author: rebellious marvelous theater fortuitous meteor hehehhs 40% trying to find if they are hiring in india, 99% chance they are
i’m sorry to put you through this tp |
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Date: February 26th, 2026 5:06 PM Author: Concupiscible smoky garrison Just checked, no jobs open.
Stock is up 20% on the news. |
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Date: February 26th, 2026 5:05 PM Author: Medicated Ticket Booth *pulls up backwards chair* (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697642) |
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Date: February 26th, 2026 5:07 PM Author: Concupiscible smoky garrison lol. guys like him are the worst. fuck you and your all lower case email you faggot (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697647) |
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Date: February 26th, 2026 5:08 PM Author: Medicated Ticket Booth we're not going to pretend these people never existed, you can message them goodbye in slack for the next couple of hours tp (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697649) |
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Date: February 26th, 2026 5:34 PM Author: vermilion psychic * ends every sentence with, "right" * (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697717) |
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Date: February 26th, 2026 6:06 PM Author: High-end Gas Station Rigor (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697787) |
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Date: February 26th, 2026 5:05 PM Author: poppy useless wagecucks scourge upon the earth "you built what this company is today. that's a fact that i'll honor forever."
i hate GC so much its unreal |
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Date: February 26th, 2026 5:08 PM Author: Concupiscible smoky garrison we don't hate these people enough. something must be done. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697648) |
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Date: February 26th, 2026 5:08 PM Author: Medicated Ticket Booth in minecraft? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697651) |
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Date: February 26th, 2026 5:26 PM Author: Concupiscible smoky garrison no in ovens (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697707) |
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Date: February 26th, 2026 5:11 PM Author: mentally impaired ladyboy mediation it's really remarkable that square fucked up so badly. they such a huge head start over any other competitor. probably just eliminating the "square" part of the company to focus on cashapp, which is where all of their profit actually comes from (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697658) |
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Date: February 26th, 2026 5:17 PM Author: Provocative Disturbing Trailer Park Why is this a tweet? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697677) |
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Date: February 26th, 2026 5:21 PM Author: poppy useless wagecucks scourge upon the earth yeah. delivering this message via a manicured press release vetted by pr and legal would really soften the blow. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697686) |
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Date: February 26th, 2026 5:26 PM Author: Concupiscible smoky garrison this tweet was vetted by pr and legal (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697705) |
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Date: February 26th, 2026 5:35 PM Author: poppy useless wagecucks scourge upon the earth this would never get past that. this is an elon/donald esqe tweet straight from the source i believe. at the very least, i respect that. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697723) |
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Date: February 27th, 2026 11:04 AM Author: Filthy Knife Property (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49699313) |
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Date: February 26th, 2026 5:29 PM Author: Provocative Disturbing Trailer Park No I mean does he expect that all his employees follow him on Twitter and will see this? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697709) |
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Date: February 26th, 2026 5:34 PM Author: poppy useless wagecucks scourge upon the earth i dont think someone stating something through one method and stating it from another are mutually exclusive. i doubt very much the laid off jeets will only be informed via this tweet. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697719) |
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Date: February 26th, 2026 6:22 PM Author: khaki dysfunction this is the public announcement. also communicated internally. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697828) |
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Date: February 26th, 2026 7:44 PM Author: Provocative Disturbing Trailer Park His public announcement should be: “We’re cutting our costs by 40% which won’t affect our revenue.” Or was this his way of saying that? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698124) |
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Date: February 26th, 2026 5:30 PM Author: Maniacal pink temple antidepressant drug One of my friends joined Square before the IPO and is now worth eight figures from that IPO (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697712) |
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Date: February 26th, 2026 5:31 PM Author: Concupiscible smoky garrison Btw who uses Cashapp? Isn't this what you use to pay prostitutes? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697713) |
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Date: February 26th, 2026 5:35 PM Author: vermilion psychic So pretty much all of XO?
It's fascinating how Jews have created an entire ecosystem for their needs. |
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Date: February 26th, 2026 7:44 PM Author: Provocative Disturbing Trailer Park Black people (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698126) |
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Date: February 26th, 2026 8:38 PM Author: mind-boggling piazza kitty this, i have it to pay for bball training (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698297) |
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Date: February 27th, 2026 1:30 AM Author: Provocative Disturbing Trailer Park And I have to use it for... oh nevermind. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698860) |
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Date: February 26th, 2026 11:50 PM Author: Turquoise Mad Cow Disease They use it to buy plates. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698768) |
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Date: February 26th, 2026 5:32 PM Author: fragrant orchid windowlicker old irish cottage (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697714) |
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Date: February 26th, 2026 5:32 PM Author: Histrionic dull gay wizard lay i don't even know what "square" the company does lol not flame (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697715) |
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Date: February 26th, 2026 7:04 PM Author: Cheese-eating hairy legs church I always thought it was SquareSoft, but I don't think that's right. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698020) |
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Date: February 26th, 2026 7:45 PM Author: Provocative Disturbing Trailer Park It processes credit card payments. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698127) |
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Date: February 26th, 2026 7:48 PM Author: Cheese-eating hairy legs church Like, at the gas pump or grocery checkout? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698132) |
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Date: February 26th, 2026 9:04 PM Author: passionate place of business you know all those cutesy touchscreens prompting you to tip your sandwich artist 25%, 35%, 45%, or custom? those are powered by square. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698380) |
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Date: February 26th, 2026 9:07 PM Author: Cheese-eating hairy legs church I'm happy to admit that I've never seen one of those. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698395) |
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Date: February 26th, 2026 11:49 PM Author: Provocative Disturbing Trailer Park (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698766) |
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Date: February 26th, 2026 5:35 PM Author: vermilion psychic what is the difference between square and block? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697722) |
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Date: February 26th, 2026 5:42 PM Author: Stimulating Blood Rage (wordcel) (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697731) |
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Date: February 26th, 2026 8:30 PM Author: Medicated Ticket Booth underrated poast (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698269) |
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Date: February 26th, 2026 8:55 PM Author: orange regret kitchen (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698352) |
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Date: February 26th, 2026 6:04 PM Author: High-end Gas Station Rigor jack should probly just stfu (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697785) |
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Date: February 26th, 2026 6:07 PM Author: Violet charismatic love of her life how many of these were Engineers compared to admin/excel monkeys? (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49697788) |
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Date: February 26th, 2026 7:50 PM Author: buff fantasy-prone heaven Western companies only employ Engineers and Women (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698135) |
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Date: February 26th, 2026 6:09 PM Author: Aphrodisiac Location In 3 years from December 2019 to December 2022, Block $XYZ more than tripled its headcount from 3,900 to 12,500.
Unwinding less than half an insane COVID overhiring binge has much more to do with Jack Dorsey's managerial incompetence than whether AI is going to take your job.
https://x.com/bamabonds/status/2027142091596288314?s=46&t=YKr-jZOYUHE15Tew69wt4w
Seems like this is another “say AI is the reason for layoffs even though it’s not” event. Jack Dorsey seems dumb. |
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Date: February 27th, 2026 1:44 AM Author: stirring garnet stag film stock car You say it's the reason for layoffs so your stock goes up more. It works. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698867) |
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Date: February 27th, 2026 2:37 AM Author: Aphrodisiac Location Yes. lol at “the market”. (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698895) |
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Date: February 26th, 2026 7:28 PM Author: titillating hall It always blows my mind how many people work in “payments” (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698081) |
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Date: February 26th, 2026 8:39 PM Author: mind-boggling piazza kitty tons of regulatory and security overhead (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49698305) |
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Date: February 27th, 2026 11:02 AM Author: Floppy mother https://x.com/123skely/status/2027287992348598350?s=61 (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49699308) |
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Date: February 27th, 2026 11:06 AM Author: saffron misunderstood weed whacker gaming laptop this is cope, tons of engineers are being let go too (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49699318) |
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Date: February 27th, 2026 11:10 AM Author: Hot market (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49699329) |
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Date: February 27th, 2026 11:08 AM Author: Medicated Ticket Booth for me, it's the first girl (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49699320) |
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Date: February 27th, 2026 11:10 AM Author: Concupiscible smoky garrison good amount of truth in this (http://www.autoadmit.com/thread.php?thread_id=5838716&forum_id=2\u0026mark_id=5310074#49699328) |
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Date: February 27th, 2026 11:15 AM Author: mentally impaired ladyboy mediation https://x.com/buccocapital/status/2027366252549726382
- TL:DR: Mostly about XYZ being poorly run. Not really about AI. But most other smidcap tech also poorly run. Expect many more cuts
- Below I tweeted that they only needed 60% of their company. That wasn’t a random number. Pull up any fintech/SaaS chart and you can see that employee count exploded when demand exploded in 2020. But now these companies are way too bloated - But, fuck me. I did not expect them to cut 40% at once. I think it’s basically impossible to identify the right 40% in one go. So huge operational risk there. But maybe better for morale than multiple cuts. Who knows. Unprecedented. Fuckin a. - We now have 2 examples of this happening with Jack, so it’s easy to say he runs a bad, bloated business. I have been vocal about this. Toast and Clover should not be anywhere near the scale they’re at. Tidal? Afterpay? Come on. Pretty sure he threw a $70M party for the team last year. There is a lot here that is just one bad management decision after another - I *also* think it’s a mistake to define this as purely a “Jack” issue. As I said, pull up the employee charts and the revenue charts. I’d say to pull up the earnings charts but for many they are negative, which we all know. These companies are way too bloated. And they are having their clocks cleaned by smaller, more nimble startups. They have to get lean to survive. I think the realistic, average number is 20-25% for many of these companies. But there are plenty that could cut 40% too. - I think this basically has nothing to do with AI. I bet there are some roles they can eliminate, and some where they can increase scope. Let’s call it 5%
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I would expect they are cutting a fair number of every type of employee (including engineers), but the root cause of this is Jack's boneheaded move to basically create two companies inside of one. They just have way too many employees period relative to what's necessary |